Summary

In a video from The Next Web, indinero CEO and co-founder Jessica Mah talks about how she stopped being so stubborn and thinking she had all the answers. The first iteration of indinero had amazing growth, flattering publicity, and tens of thousands of customers, but the business model was shaky because they had created a vitamin instead of a painkiller. A tough conversation with Steve Blank led to a pivot, and by facing challenges head on, Jessica and Andy changed indinero into a team of experts that help small businesses manage their accounting and taxes.

Key Facts

  • Jessica Mah is the CEO and co-founder of indinero.
  • The first iteration of indinero had tens of thousands of customers using its simple app.
  • Jessica Mah said indinero had created a vitamin instead of a painkiller.
  • Steve Blank is a renowned Silicon Valley mentor and indinero investor.
  • Andy Su was indinero's chief technology officer.
  • Indinero today is a team of experts that help small businesses manage their accounting and taxes.

Frequently Asked Questions

What did Jessica Mah learn from Steve Blank?

It wasn't until a tough conversation with Steve Blank, renowned Silicon Valley mentor and indinero investor, that Jessica realized the company wasn't going well.

Why was indinero's original business model shaky?

We had created a vitamin instead of a painkiller.

What challenges did indinero face during its pivot?

There was still some major drama to overcome: unhappy customers and serious tension with our chief technology officer, Andy Su.

What is indinero today?

A team of experts that help small businesses manage their accounting and taxes, plus an insights-focused dashboard.

Related Entities

People
Jessica Mah, Steve Blank, Andy Su, Rebecca Wilson
Companies
Indinero, The Next Web
Products
indinero
Locations
Silicon Valley

The Moment Jessica Mah Swapped Being Stubborn for Savvy

 

In this hilarious video from The Next Web, our CEO and co-founder, Jessica Mah, talks about how she stopped being so stubborn and thinking she had all the answers.

In the first iteration of indinero, we had amazing growth, flattering publicity, and tens of thousands of customers using our simple app.

But the business model was shaky.

“We had created a vitamin instead of a painkiller.” —Jessica Mah

But, even as the company crumbled around her, Jessica says she still felt invincible. It wasn’t until a tough conversation with Steve Blank, renowned Silicon Valley mentor and indinero investor, that Jessica realized the company wasn’t going well.

“He saw through all my crap,” she says.

That was the beginning of the pivot, but there was still some major drama to overcome: unhappy customers and serious tension with our chief technology officer, Andy Su.

By facing these challenges head on, Jessica and Andy were able to strengthen their friendship and change indinero to what it is today: a team of experts that help small businesses manage their accounting and taxes, plus an insights-focused dashboard.

 

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